I read the entire EULA and found the answer.
Section 2. Grant of License
- The samples of so-called Loops remain the property of the respective rights holder (Big Fish Audio, Inc. and other licensors) and are licensed by Steinberg to you only for use in the creation of a live or recorded performance that includes the licensed samples as part of a derivative musical work created by the licensed end user. This license includes the use of the samples, the modification of the samples and the marketing of the derivative musical work without infringing any rights of copyright collecting societies and/or the owners of copyrights in any samples. The samples may not be included, whether unmodified or as part of a derivative work, in any sample library product.
So it’s very clear that you can legally use them, alter them and even market your music using them but you cannot use them in a setting where you made your own “library” or “loops” etc. and made money from that.
However you can clearly use them in your songs or live performances and edit/manipulate them to your liking and not break any copyright laws as long as you are the rightful/lawful owner of the License that granted these loops (in my case my Cubase 7.5 License).
That satisfies my requirements.